Cisco Systems, Inc. (NASDAQ:CSCO) Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,142 shares of the network equipment provider’s stock after selling 1,258 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Cisco Systems were worth $1,844,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SkyView Investment Advisors LLC raised its holdings in Cisco Systems by 13.8% during the second quarter. SkyView Investment Advisors LLC now owns 9,748 shares of the network equipment provider’s stock worth $463,000 after purchasing an additional 1,179 shares during the last quarter. Bontempo Ohly Capital Mgmt LLC increased its position in shares of Cisco Systems by 2.0% in the second quarter. Bontempo Ohly Capital Mgmt LLC now owns 78,353 shares of the network equipment provider’s stock valued at $3,723,000 after buying an additional 1,566 shares in the last quarter. Aviso Wealth Management raised its stake in shares of Cisco Systems by 18.5% during the 2nd quarter. Aviso Wealth Management now owns 7,434 shares of the network equipment provider’s stock worth $353,000 after buying an additional 1,162 shares during the last quarter. Buck Wealth Strategies LLC boosted its position in shares of Cisco Systems by 5.6% in the 2nd quarter. Buck Wealth Strategies LLC now owns 170,121 shares of the network equipment provider’s stock worth $8,082,000 after buying an additional 9,095 shares in the last quarter. Finally, Copperwynd Financial LLC grew its stake in Cisco Systems by 12.6% in the 2nd quarter. Copperwynd Financial LLC now owns 17,164 shares of the network equipment provider’s stock valued at $832,000 after acquiring an additional 1,921 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Price Performance

CSCO opened at $62.23 on Monday. The company has a market cap of $247.85 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 4.59 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $62.31. The firm has a 50 day moving average price of $59.22 and a 200 day moving average price of $54.09.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business had revenue of $13.84 billion for the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter last year, the firm posted $0.98 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. Sell-side analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.57%. Cisco Systems’s dividend payout ratio (DPR) is currently 68.67%.

Insider Activity at Cisco Systems

In other news, CEO Charles Robbins sold 171,744 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the transaction, the chief executive officer now directly owns 783,786 shares in the company, valued at approximately $45,059,857.14. This represents a 17.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Scott Herren sold 86,351 shares of Cisco Systems stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the sale, the chief financial officer now directly owns 365,314 shares in the company, valued at $21,001,901.86. This trade represents a 19.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 353,522 shares of company stock worth $20,349,721. 0.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on CSCO. Melius Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Melius raised Cisco Systems from a “hold” rating to a “buy” rating and upped their target price for the company from $66.00 to $73.00 in a research note on Monday, January 6th. Citigroup raised their price target on Cisco Systems from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Tigress Financial upped their price objective on Cisco Systems from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Finally, Morgan Stanley lifted their price objective on Cisco Systems from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.50.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.